Questions & Answers

Tuition Deduction

Menu Path: Deductions/Credits > Common Deductions/Credits > College Tuition (Form 1098-T)

Enter the education expenses for you, your spouse, and your dependents on the College Tuition Expenses (Form 1098-T) screens. We will automatically calculate which education credit or deduction gives you the largest refund.

Up to $4,000 in qualified education expenses can be deducted on your tax return if your modified adjusted gross income is not more than $65,000 ($130,000 if married). If your modified adjusted gross income is higher than $65,000 but less than $80,000 ($160,000 if married), you can deduct up to $2,000 of qualified education expenses. If you choose to deduct the education expenses, you can't take the American Opportunity Credit or Lifetime Learning Credit on the same student's education expenses.

We will automatically calculate whether the tuition deduction or one of the education credits is best to take for each student. See American Opportunity Credit and Lifetime Learning Credit.

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